FY2027 EPS Estimate for Fast Retailing Boosted by Analyst

Fast Retailing Co., Ltd. (OTCMKTS:FRCOYFree Report) – Investment analysts at Erste Group Bank increased their FY2027 earnings per share (EPS) estimates for shares of Fast Retailing in a research report issued to clients and investors on Tuesday, September 8th. Erste Group Bank analyst H. Engel now expects that the company will earn $1.22 per share for the year, up from their prior estimate of $1.18.

Fast Retailing (OTCMKTS:FRCOYGet Free Report) last released its earnings results on Thursday, July 9th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. The firm had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6 billion.

Several other equities analysts have also commented on the company. Sanford C. Bernstein initiated coverage on Fast Retailing in a research report on Tuesday, May 26th. They set an “outperform” rating for the company. Zacks Research downgraded shares of Fast Retailing from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Check Out Our Latest Analysis on FRCOY

Fast Retailing Stock Down 0.7%

Shares of FRCOY stock opened at $42.80 on Friday. The business’s fifty day moving average is $48.02 and its 200 day moving average is $46.53. Fast Retailing has a twelve month low of $29.25 and a twelve month high of $55.65.

About Fast Retailing

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Fast Retailing Co, Ltd. is a Japanese retail holding company best known as the parent of Uniqlo, one of the world’s leading casual apparel brands. Headquartered in Yamaguchi Prefecture, Japan, Fast Retailing focuses on the design, manufacture and global distribution of everyday wear for men, women and children. Its core business centers on accessible, high-quality basics that blend functionality with minimalist styling, underpinned by proprietary fabric technologies such as HEATTECH and AIRism.

The company traces its roots to a men’s clothing shop founded by Tadashi Yanai’s family in 1963.

Further Reading

Earnings History and Estimates for Fast Retailing (OTCMKTS:FRCOY)

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